Wondershare Technology Group Co (SZSE:300624) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Wondershare Technology Group Co Debt-to-Equity?

Wondershare Technology Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥9 Mil. Wondershare Technology Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥6 Mil. Wondershare Technology Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥1,352 Mil. Wondershare Technology Group Co's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Wondershare Technology Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:300624' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.42 Max: 0.46
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of Wondershare Technology Group Co was 0.46. The lowest was 0.01. And the median was 0.42.

SZSE:300624's Debt-to-Equity is ranked better than
99.95% of 2222 companies
in the Software industry
Industry Median: 0.21 vs SZSE:300624: 0.01

Wondershare Technology Group Co Debt-to-Equity Historical Data

The historical data trend for Wondershare Technology Group Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wondershare Technology Group Co Debt-to-Equity Chart

Wondershare Technology Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.03

0.43

0.45

Wondershare Technology Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.45	0.43	0.01	0.01

Competitive Comparison of Wondershare Technology Group Co's Debt-to-Equity

For the Software - Application subindustry, Wondershare Technology Group Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wondershare Technology Group Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Wondershare Technology Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wondershare Technology Group Co's Debt-to-Equity falls into.

Wondershare Technology Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wondershare Technology Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.292	+	384.131)	/	883.679
	=	0.45

Wondershare Technology Group Co's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.505	+	6.026)	/	1352.21
	=	0.01

Wondershare Technology Group Co (SZSE:300624) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Wondershare Technology Group Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Wondershare Technology Group Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Wondershare Technology Group Co (SZSE:300624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wondershare Technology Group Co Ltd (SZSE:300624) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Haidian Road, 14th Software Industry Base 5 D Block, 10th Floor, Nanshan District, Shenzhen, CHN, 850000

Website

http://www.wondershare.cn

Wondershare Technology Group Co Ltd, formerly Wondershare Technology Co Ltd is a China-based company engages in the manufacture and sale of a software application. It offers multimedia, utility, office, mobile, and other software products, as well as featured products. The company's products can be applied to personal computers, tablet PCs, smartphones and other application terminals.

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